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Getting a Mortgage with Bad Credit (Wellsville Daily Reporter)  (ARA) - Having bad credit is not the end of the world and it's not impossible to get a loan. Generally, credit scores below 600 are considered sub-prime and the


Ka-ching! Consumers borrow mostly on credit cards  By JEANNINE AVERSA The Associated Press Tuesday, July 8, 2008; 3:55 PM WASHINGTON -- Consumers boosted their borrowing in May, mostly reflecting heavy credit card use to finance their purchases.read


New Year, New Bank Account  A current account is perhaps your most important financial product. After all, most of your income and outgoings flow through your bank account, so it contains much of your financial


Ameriquest closes, Citigroup buys mortgage assets (Reuters via Yahoo! News)   Ameriquest Mortgage Co, the largest U.S. subprime lender as recently as 2005, is closing, the latest home loan provider to shut down amid the nation's housing market slump.read more...


Casey also got mortgage from a bank with donors (The Philadelphia Inquirer)  Democratic Senate candidate Bob Casey Jr. released details of his $120,000 home mortgage yesterday, showing that, like his Republican opponent, he holds a loan with a bank whose board members


First Horizon forecasts $1 billion drop in mortgage originations  Lender to settle class-action lawsuit over origination fees First Horizon National Corp. read more...

May 31st, 2007

Wachovia to Buy A.G. Edwards for $6.8B

“This essentially gives Wachovia more access.”

A little more than a year after acquiring one of the nation’s top mortgage lenders, Wachovia said Thursday it would buy A.G. Edwards for $6.8 billion in a deal that will create the nation’s second-largest retail brokerage.

It’s the latest in a spree of buying by Wachovia and retail banking rival Bank of America as they seek to expand their financial service businesses and add customers for a broad range of products, from traditional deposit accounts to home and auto loans to wealth management. Read more



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